Sovereign ratings drive bulk of positive rating action
Short-term strength overshadowed by rising rate uncertainty
Downgrades outnumber upgrades, led by weakness in corporate junk
Robust investment banking revenues to drive improved earnings
Debt markets post record first quarter while U.S. leads equity-offering rebound
Highly-indebted countries could face a negative feedback loop
Rising defaults a symptom, not the cause, of macro stress, Moody's finds
Defaults expected to rise in early 2024 before easing in second half
U.S. banks are set to report brighter investment banking and trading revenue, a report says
Strength in secondary offerings overcomes weak IPO market